Game Creek Capital LP cut its holdings in shares of Option Care Health, Inc. (NASDAQ:OPCH - Get Rating) by 20.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the company's stock after selling 5,000 shares during the quarter. Game Creek Capital LP's holdings in Option Care Health were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Retirement Systems of Alabama grew its holdings in shares of Option Care Health by 3.9% during the 3rd quarter. Retirement Systems of Alabama now owns 525,276 shares of the company's stock worth $16,530,000 after purchasing an additional 19,742 shares during the period. Sivik Global Healthcare LLC boosted its holdings in Option Care Health by 10.0% during the 3rd quarter. Sivik Global Healthcare LLC now owns 110,000 shares of the company's stock valued at $3,462,000 after acquiring an additional 10,000 shares during the period. Yousif Capital Management LLC boosted its holdings in Option Care Health by 1.0% during the 3rd quarter. Yousif Capital Management LLC now owns 81,699 shares of the company's stock valued at $2,571,000 after acquiring an additional 811 shares during the period. Shilanski & Associates Inc. purchased a new position in Option Care Health during the 3rd quarter valued at about $1,443,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in Option Care Health during the 3rd quarter valued at about $2,258,000. 97.63% of the stock is currently owned by hedge funds and other institutional investors.
Option Care Health Stock Performance
Shares of Option Care Health stock opened at $28.06 on Wednesday. The business has a 50-day moving average of $29.42 and a 200 day moving average of $31.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.62 and a quick ratio of 1.22. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. Option Care Health, Inc. has a 12 month low of $21.52 and a 12 month high of $35.87.
Option Care Health (NASDAQ:OPCH - Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $994.38 million. Option Care Health had a return on equity of 11.80% and a net margin of 4.64%. As a group, sell-side analysts forecast that Option Care Health, Inc. will post 0.79 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Barrington Research raised their target price on Option Care Health from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, October 28th.
Option Care Health Company Profile
Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including Crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.
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